Cavalli Tower Escrow Account

Emirates NBD Bank (P.J.S.C) holds the escrow account for Cavalli Tower, account number 0205*****2802 (revealed in full in the Escrow Details section above). The account is recorded against DLD project number 2283, which the Dubai Land Department registered on 14 September 2021.

Buyer payments are held in the escrow account and released to DAMAC in stages, each tied to construction progress recorded by DLD inspections rather than to the payment calendar. Under the 60/40 plan, the 20 percent booking share and the four 10 percent construction instalments are paid into escrow, and the remaining 40 percent falls due on handover, expected in Q2 2027.

The DLD register reading dated 15 July 2026 stands at 85.08 percent, up from 73.49 percent on 24 March 2026. Structural works are recorded as substantially completed, with interior works, the facade envelope, MEP and finishes at advanced stages. At that level the construction releases are in their final phase, and the remaining weight of the plan sits in the handover payment and the post-completion retention. The full reading history is tracked on the Cavalli Tower construction updates page.

No. The 4% DLD registration fee is paid to the Dubai Land Department at booking, alongside the 20 percent booking share, and does not enter the escrow account. Only payments toward the purchase price are held in escrow for release against construction progress.

Oqood is the Dubai Land Department's interim register for off-plan units. A Cavalli Tower purchase is recorded on Oqood against DLD project 2283, which ties the buyer's contract to the registered project and its escrow account. The title deed is issued after completion under DLD procedures, with the timing set by the Sales and Purchase Agreement.

No. Every off-plan payment for Cavalli Tower belongs in the DLD-registered escrow account 0205*****2802 at Emirates NBD (the unmasked number is in the Escrow Details section above), as recorded in the Sales and Purchase Agreement. A request to route money to an individual's account, a broker's account or another company's account, often presented with a discount for paying outside escrow, matches the standard pattern of payment fraud however authentic the documents appear. The escrow panel in Dubai REST and the SPA are the two records any such request is checked against before funds move.

Yes. Funds paid into the escrow account stay there and are released only as DLD inspections record progress, whatever the calendar says. Escrow protects capital while the tower completes; it does not compensate for a later handover, and any terms on late completion sit in the Sales and Purchase Agreement. A retention portion also remains in escrow after completion to fund defect repairs, and the role of an independent inspection at that stage is covered in the Cavalli Tower snagging inspection guide.

RERA takes control of the escrow account if a project is cancelled, and refunds to buyers are then paid out of the money held in it under Dubai Land Department oversight. That safeguard reaches only money inside the registered account, so payments sent anywhere else fall outside it. With 85.08 percent of construction recorded on the register, a build this far along makes cancellation a remote scenario for Cavalli Tower, though the safeguard applies regardless. The wider regulatory framework is covered in the Dubai Land Department guide.

The escrow account is recorded in two places a buyer can check: the Escrow Account panel for DLD project 2283 in the Dubai REST app, reached through Services and Project Status, and the escrow details in the Sales and Purchase Agreement. The bank and account number on any payment instruction are expected to match both records exactly.

Escrow protects the purchase payments held in the registered account. It does not compensate for a later handover, guarantee resale value or rental returns, or protect money sent to any other account, and registration fees paid to the Dubai Land Department sit outside it. Defects found at handover are addressed through the developer's obligations under the Sales and Purchase Agreement, with the post-completion retention acting as a financial backstop.

The final 40 percent of the price falls due on handover, expected in Q2 2027, and is paid under the instructions in the Sales and Purchase Agreement. The same verification applies as for every earlier instalment: the receiving account is matched against the escrow panel in Dubai REST and the SPA before transfer. After completion, a retention portion remains in escrow to cover defect repairs.